Thursday, April 5, 2012

Four million pounds in bonuses have been paid to the directors of water firms – despite their failure to repair leaks which allow 300million gallons to be lost every day.

All but one of the companies, which today brought in hosepipe bans for 20million customers, handed rewards to their board members in the last financial year.

These include £2million for three executives at Britain's largest water supplier Thames Water, whose highest paid director, understood to be chief executive Martin Baggs, took home £1.67million in 2010/11.

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About Us

The Campaign for Public Ownership (Twitter@PublicOwnership), is a cross-party organisation which aims to harness public dissatisfaction with privatisation and campaign for a reversal of the disastrous policies of the last thirty-four years. The Campaign will expose the cost to the public of privatisation, and highlight the inefficiencies and profiteering of the privatised companies. We also strongly urge that the British government does not give a penny of taxpayers money to a privately owned company without the public receiving equity in that company.
The Campaign will seek to counter the negative propaganda about public ownership put about by those with a vested financial interest in privatisation.
It’s time to bring to an end the Great Privatisation Rip-Off.
If you’d like to get involved in our campaign, please email us at
Publicownership@hotmail.co.uk.
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